Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Charlotte Gastonia Concord, North Carolina, South Carlina MSA appreciated + 7.28% (+ 2.43% yearly) for the period between 2001 and the end of 2003.

The state had + 9.25% total appreciation (+ 3.08% yearly). The state average for North Carolina was higher than the real estate appreciation in the Charlotte Gastonia Concord, North Carolina, South Carlina MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 26.97% faster than this MSA.

Charlotte-Gastonia-Concord-NC-SC

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 135.65 + 0.59% + 2.34%
2001 3 136.63 + 0.72% + 2.89%
2001 4 137.88 + 0.91% + 3.66%
2002 1 138.14 + 0.19% + 0.75%
2002 2 138.71 + 0.41% + 1.65%
2002 3 140.63 + 1.38% + 5.54%
2002 4 141.15 + 0.37% + 1.48%
2003 1 142.13 + 0.69% + 2.78%
2003 2 143.08 + 0.67% + 2.67%
2003 3 143.44 + 0.25% + 1.01%
2003 4 144.68 + 0.86% + 3.46%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

If you were going to do a Indian Trail, North Carolina Refinance, or Indian Trail, North Carolina Reverse Mortgages, you could estimate your home value.

If you knew your Indian Trail, North Carolina home was worth $104,000.00 in 2001, you could multiply by + 7.28%, add the gain and see the home should be worth $111,572.89 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlotte-Gastonia-Concord-NC-SC from 2001 to 2003:
+ 2.43%

Appreciation Comparisons

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

Zip Code in MSA: 28079 - INDIAN TRAIL, NC

MSA Pop: 1437427
Zip Pop: 11315
Avg Value: 124900
County: UNION
Elev: 576
Region: South
Lat: 35.097816
Long: -80.629431